Preparing partners’ tax returns is not sexy and not remotely strategic,
but in a multinational firm with hundreds of partners and dozens of permutations
of home/foreign jurisdictions, it can amount to a serious headache and
distraction for financial-department personnel who could be doing things
that might be more interesting than keeping the auditors at bay.
According to Deloitte, as much as 70% of the work involved is done manually;
technology now is mature enough to cut that by 30-40%, according to this article.
It’s not sexy and it’s not going to win your CFO a promotion, but it’s
all part of "making the trains run on time" as efficiently and transparently
to the partnership as possible.
